Alibaba Pictures Taps Associate For Customer Service Support Procurement

MT Newswires Live10-02

Alibaba Pictures Group (HKG:1060) tapped Ant Group subsidiary Ant Intelligence to procure providers of customer service support to the group from Sept. 30, 2024, until March 31, 2027.

Ant Intelligence will procure service providers to offer customer service support to Alibaba Pictures' online movie ticketing, Yulebao, Damai, and other businesses.

The annual caps for the services fees payable to Ant Intelligence are set at 8.0 million yuan, 8.8 million yuan, and 8.8 million yuan for the fiscal years ending March 31, 2025, 2026, and 2027, respectively.

The film company's shares were up over 5% on Wednesday's close.

Price (HKD): $0.39, Change: $+0.020, Percent Change: +5.41%

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